Oil industry climate change litigation could spill to manufacturers of all petrol products

Oil industry climate change litigation could spill to manufacturers of all petrol products

Oil industry climate change litigation could spill to manufacturers of all petrol products

If the US plaintiff bar can make mounting allegations that the oil industry should pay damages to combat the effects of climate change stick, any manufacturers of products that consume petroleum, including the motor industry, could also be in line for heavy claims, a leading lawyer has warned. Clyde & Co’s Neil Beresford said a US federal court decision on…

New framework to help boards avert losing battle against cyber risk

New framework to help boards avert losing battle against cyber risk

New framework to help boards avert losing battle against cyber risk

Boards are losing the battle against cybercriminals, warns a new report from The CityUK and Marsh, which puts forward a new framework to help board members advance cyber risk management. Launching the report and framework, John McFarlane, chairman of The CityUK, which represents UK-based financial and related professional services, said cybercrime is a clear and present danger to society and…

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

A new report by the Association of British Insurers (ABI) says UK building control systems are “broken” after results of post-Grenfell Tower fire tests found current standards underestimate risk. Submitted to Dame Judith Hackitt’s Grenfell Tower review, the ABI’s report says laboratory tests used to approve building materials are “utterly inadequate” and called for an urgent reform of the fire…

Insurers and brokers say clients can’t measure cyber risk

Insurers and brokers say clients can’t measure cyber risk

Insurers and brokers say clients can’t measure cyber risk

Insurance buyers, and consequently their risk transfer partners, are struggling to measure cyber risk and are therefore largely in the dark about its financial impact, according to a new survey of insurers and brokers by Secure Systems Innovation Corporation (SSIC). The survey also finds that the insurance industry needs to properly address non-affirmative cyber cover and that a series of…

High-profile judging panel named for European Risk Management Awards

High-profile judging panel named for European Risk Management Awards

High-profile judging panel named for European Risk Management Awards

Ferma and Commercial Risk Europe are delighted to announce another line-up of leading risk managers as judges for our annual European Risk Management Awards. Now in their third year, the awards aim to boost the standing of risk management and encourage better performance at companies that deliver tools to help them do their job. They therefore recognise the highest achievers…

And the winner is…

And the winner is…

And the winner is…

Alao Ismail Akinkunmi, an operational and insurance risk officer with NASCON Allied Industries in Lagos, has won the annual Risk Frontiers Africa 2018 survey prize of a trip to Europe with Commercial Risk Africa. Mr Akinkunmi’s name was pulled out of the hat from a pool of some 1,200 survey respondents to this year’s electronic survey. He works for Nascon,…

African port security must be improved to boost trade and reduce risks

African port security must be improved to boost trade and reduce risks

African port security must be improved to boost trade and reduce risks

A 25% improvement in port performance can drive a 2% growth in GDP, according to a new report released as the International Maritime Organisation (IMO) reveals several moves to boost security at African marine hubs. The IMO said: “Ports provide the critical interface between the ship and the shore. For maritime trade to flow effectively, this vital infrastructure needs to be…

Disease risks never far from the surface

Disease risks never far from the surface

Disease risks never far from the surface

The Ebola outbreak, which ended in 2016, caused worldwide panic, raising fears of a global pandemic. It wiped millions off the economies of the affected west African countries and since then governments have continued to struggle to rebuild. At the time, risk managers had to make hard decisions around whether or not to leave staff in situ and how to…

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